With digital transformation sweeping in business, extensive changes are not just increasing but constantly unfolding new alterations. As per a new Boston Consulting Group (BCG) report, the business leaders need to focus on three crucial elements of transformation that includes head, heart, and hand.
In this article at Financial Content, the author explains that while chasing short-term goals, leaders tend to neglect employees. This clearly signifies the need for adopting a more humanistic approach to business transformation.
For successful business transformation, the employee’s brain (head) and hand (physical capability) will not be enough. Leaders need to ensure that employee’s heart is equally involved in the job. This will help them foster a new culture and leadership model, thus tending to the heart.
The author believes that the heart remains the most insignificant and neglected aspect of transformation. Thereby, here are some specifics leaders can follow to engage the heart of their employees in the work assigned to them:
- Embed Purpose: By fostering an emotional connect, the leaders can fuel the need for transformation and promote willingness to go the extra mile.
- Empowering Culture: Clearly articulate the values and behaviors followed in the organization to maintain a healthy work environment. This will encourage each individual to make choices that advance the organization’s goals and strategies.
- Demonstrate Care: Express empathy for the employees who are bearing the brunt of transformation. The leaders must solicit the input of these employees and promptly address their concerns.
The author suggests that gradually employees are beholding more than a paycheck or tangible rewards. They look for inherent motivation before contributing to growth and development. However, to involve the head, heart, and hand into transformation, taking a humanistic approach is vital. Click on the following link to read the original article: http://markets.financialcontent.com/stocks/news/read?GUID=37282837